At a $1.2 Trillion Market Cap, Is Tesla Stock Overvalued or Undervalued Right Now?

Tesla trades at an extremely high valuation with a P/E ratio of 357 and a forward P/E of 114x based on 2028 earnings estimates. While bulls believe the company will evolve into a high-margin autonomous driving and robotics business, the analyst concludes the stock is overvalued given current fundamentals as an EV maker facing lower growth and competition, with significant uncertainty around self-driving technology and humanoid robot commercialization.